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From: Deepak Kumar, India. Sep/27/11 Topic: Income Tax Submitted on: Ammas.com Subject: income tax |
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I am freelancer software developer and recently sold my software with following facts :
1). The "web browser addon" was open-source and Free for end-users. 2). The US company paid money for my loyal user-base. 3). The "web browser addon" was earning me regular income since past 4-5 years by voluntary donations (by Paypal) and advertising revenues. My question is can I save indian income tax under "royalties" or any other scheme as I earned valuable foreign currency for my country. It is to be noted that the company did not paid for the software as it was pretty basic and open-source, they paid for my huge user-base. |
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Dollars (AA$) you can earn = $1.59
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